Bored Apes has been surpassed by Bitcoin Frogs as the most traded collection of non-fungible tokens (NFTs) over the past 24 hours.
This achievement signifies a major advancement for the growing Ordinals sector. With approximately 700 individual transactions, the collection has generated $2 million worth of trading activity.
The well-known Bored Ape Yacht Club, which currently has the distinction of holding the world’s most valuable NFT collection based on market share, was ranked sixth over the same period according to the data given by CryptoSlam with over 859,700 ETH in transaction volume.
In only this month alone, the trade volume for the NFT collection known as Bitcoin Frogs has surpassed $5.9 million. This shows that Bitcoin Frogs’ popularity has been rising over time. The collection saw a considerable surge in interest and demand in April, as seen by the trading volume of about $52,000.
This astonishing accomplishment quickly spread across Twitter, where users instantly started speculating about the platform’s long-term future.
An ordinals collection just became the highest volume NFT collection across ALL chains for the first time.
Don't sleep on Bitcoin. pic.twitter.com/IckDLPjRVJ
— Leonidas (@LeonidasNFT) May 17, 2023
The company’s Twitter account describes Bitcoin Frogs as “10,000 unique frog collectables minted directly on the Bitcoin blockchain.” On Discord, the project describes itself as a “free-to-mint” initiative to promote the adoption of Ordinals among the community of blockchain users and developers.
The rapid evolution of the NFT ecosystem, which reflects the fluidity and unpredictability of the market, draws attention to the stratospheric growth of Bitcoin Frogs. As competition for the most popular NFT collection grows more intense, industry participants are eagerly anticipating upcoming developments.